Lumber Liquidators 2012 Annual Report Download - page 45

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Lumber Liquidators Holdings, Inc.
Consolidated Balance Sheets
(in thousands, except share data)
December 31,
2012 2011
Assets
Current Assets:
Cash and Cash Equivalents ....................................................... $ 64,167 $ 61,675
Merchandise Inventories ......................................................... 206,704 164,139
Prepaid Expenses ............................................................... 5,168 4,292
Other Current Assets ............................................................ 12,106 7,863
Total Current Assets ....................................................... 288,145 237,969
Property and Equipment, net .......................................................... 47,764 44,147
Goodwill .......................................................................... 9,693 9,693
Other Assets ....................................................................... 1,785 3,045
Total Assets ....................................................................... $347,387 $294,854
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts Payable ............................................................... $ 55,110 $ 38,161
Customer Deposits and Store Credits ................................................ 25,747 18,120
Accrued Compensation .......................................................... 7,969 2,509
Sales and Income Tax Liabilities ................................................... 4,314 5,092
Other Current Liabilities ......................................................... 7,887 6,839
Total Current Liabilities .................................................... 101,027 70,721
Deferred Rent ...................................................................... 3,653 3,328
Deferred Tax Liability ............................................................... 8,166 5,721
Stockholders’ Equity:
Common Stock ($0.001 par value; 35,000,000 authorized; 27,214,144 and 27,894,543
outstanding, respectively) ....................................................... 29 28
Treasury Stock, at cost (1,719,706 and 58,730 shares, respectively) ........................ (50,552) (1,116)
Additional Capital .............................................................. 131,724 110,163
Retained Earnings ............................................................... 153,267 106,203
Accumulated Other Comprehensive Income (Loss) .................................... 73 (194)
Total Stockholders’ Equity ...................................................... 234,541 215,084
Total Liabilities and Stockholders’ Equity ............................................. $347,387 $294,854
See accompanying notes to consolidated financial statements
39